How to Navigate the Application Process
The Rental Application
Most landlords require tenants to fill out a rental application. Be prepared to provide a LOT of information about yourself from your job history to your credit information. Most landlords require that all roommates complete an application and gain approval. Units are typically rented out on a first-come, first-served basis so we recommend submitting an application as soon as possible after viewing the rental.
- Most property management companies charge non-refundable rental application fees that range from $15 to $35. These fees add up quickly if you apply to rentals managed by different companies.
- Before submitting an application for a property, ask the management company if there are any applications already submitted ahead of yours. If there are, you may want to reconsider and save yourself the cash.
A co-signer is usually required when you do not have income, rental history or credit history. A co-signer will be pursued for owed rent and fees if you do not pay.
- Many companies require that each roommate have his/her own co-signer. This is something you will want to discuss with potential roommates before agreeing to move in together. A roommate without a co-signer will limit your housing options.
- Some property management companies require a local co-signer. You will want to ask about their policy on this ahead of time so that you do not waste your time and money on a company that will not rent to you.
- If you anticipate that you will need a co-signer, ask for a co-signer application when viewing the rental so that you are ahead of the curve on getting yours submitted.
- Co-signer applications are typically very thorough and require the applicant's credit information. They need to verify that he/she will have the ability to pay if you default on your lease.
- Some companies do not allow the residence halls to be used as "past rental history"
- Companies usually require at least a year of rental history